Andrew Schleimer Sells 5,739 Shares of TKO Group (NYSE:TKO) Stock

TKO Group Holdings, Inc. (NYSE:TKO) CFO Andrew Schleimer sold 5,739 shares of TKO Group stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $204.08, for a total transaction of $1,171,215.12. Following the transaction, the chief financial officer directly owned 16,239 shares in the company, valued at approximately $3,314,055.12. The trade was a 26.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TKO Group Stock Down 1.6%

Shares of NYSE TKO traded down $3.32 during trading hours on Monday, hitting $203.62. 1,279,534 shares of the stock were exchanged, compared to its average volume of 1,062,487. TKO Group Holdings, Inc. has a 12 month low of $133.07 and a 12 month high of $218.11. The firm has a fifty day moving average price of $196.84 and a 200-day moving average price of $188.53. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The company has a market cap of $39.72 billion, a PE ratio of 78.01 and a beta of 0.62.

TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TKO Group had a return on equity of 2.57% and a net margin of 5.27%.TKO Group’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, sell-side analysts expect that TKO Group Holdings, Inc. will post 3.88 EPS for the current year.

TKO Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, December 15th. This is an increase from TKO Group’s previous quarterly dividend of $0.76. TKO Group’s dividend payout ratio is currently 119.54%.

TKO Group declared that its Board of Directors has authorized a stock buyback plan on Monday, September 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on TKO. UBS Group boosted their price target on shares of TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. BTIG Research lifted their target price on shares of TKO Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Sanford C. Bernstein lifted their price objective on shares of TKO Group from $190.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 6th. TD Cowen raised their target price on shares of TKO Group from $230.00 to $245.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $227.00 price objective on shares of TKO Group in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.00.

Institutional Investors Weigh In On TKO Group

Large investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of TKO Group by 368.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,186 shares of the company’s stock worth $8,949,000 after purchasing an additional 38,695 shares during the last quarter. Ninety One UK Ltd increased its stake in TKO Group by 14.4% during the second quarter. Ninety One UK Ltd now owns 4,850,006 shares of the company’s stock worth $882,459,000 after acquiring an additional 611,233 shares during the last quarter. Congress Asset Management Co. raised its holdings in TKO Group by 20.9% in the third quarter. Congress Asset Management Co. now owns 545,079 shares of the company’s stock valued at $110,084,000 after buying an additional 94,100 shares during the period. Empowered Funds LLC acquired a new stake in TKO Group in the 1st quarter valued at $6,138,000. Finally, Royal Bank of Canada boosted its holdings in TKO Group by 26.6% in the 1st quarter. Royal Bank of Canada now owns 115,502 shares of the company’s stock worth $17,650,000 after acquiring an additional 24,245 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

TKO Group Company Profile

TKO Group Holdings (NYSE: TKO) is a global sports and entertainment company formed in 2023 through the combination of two major combat-sports businesses. The company brings together the mixed martial arts organization UFC and the sports entertainment business WWE under a single publicly traded holding company. TKO owns and manages a portfolio of live-event franchises, intellectual property, and media rights centered on combat and sports-entertainment content.

TKO’s core activities include the promotion and production of live events, the licensing and sale of broadcasting and streaming rights, and the development and commercialization of branded consumer products.